Monday, July 30, 2012

MINEWEB.COM'S TOP STORIES: After 3 years, Doe Run Peru's La Oroya finally restarts

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TOP STORIES | Monday , 30 Jul 2012                                                     

After 3 years, Doe Run Peru's La Oroya finally restarts

Peru's Minister of Energy and Mines says the resumptions of operations at the La Oroya metallurgical complex will benefit both workers and the local economy.    Monday , 30 Jul 2012

Medium to long-term metals outlook positive-Southern Copper Chair

Southern Copper reported copper, moly, silver and zinc production all increased during the first six months of this year.    Monday , 30 Jul 2012

Some smaller gold and silver miners pay decent dividends too

Dividends play an increasingly important role in attracting investors to gold and silver stocks. While this largely applies to major and mid tier companies, some junior miners also make significant payments.    Friday , 27 Jul 2012

Dubai Gold Exchange hits new trading record

Rupee futures and gold trading helped drive trading at the gold exchange in Dubai, to a new trading record in June at $32.92 billion.    Monday , 30 Jul 2012

Argentex gets multiple kilo-plus silver hits in Argentina

Argentex Mining outlines strong drilling results on its Pinguino silver-polymetallic property in Patagonia in Argentina's mining-friendly Santa Cruz state.    Friday , 27 Jul 2012

Surviving the great bust ahead - cash is King, gold may yet have another run but...

With a perfect storm brewing on the horizon, investors should be building their cash cache and running for cover, warns Harry Dent*. Gold may peak at only $2000 and then fall,. Interview with The Gold Report.    Sunday , 29 Jul 2012

Indian investors reach out to gold fund of funds

To continue to feed Indian investors craze for gold, asset management companies are launching open-ended schemes that will feed investors' money into its previously launched gold ETF.    Friday , 27 Jul 2012

Tanzania minister wants established gold miners to pay 30% tax - no excuses

Gold miners who have been operating for five years or more should pay 30% corporate tax regardless of losses or shut down and leave the country, says Tanzania's energy and mines minister.    Sunday , 29 Jul 2012

Newspaper reports BHP likely to delay Olympic Dam expansion decision

According to the Australian newspaper, BHP Billiton is likely to delay a decision on the proposed $30bn expansion of its Olympic Dam mine in South Australia.    Monday , 30 Jul 2012

Little silver, big gold - the platinum price conundrum

On the precious metals front store-of-value gold has never been so expensive against industrial platinum which begs the question - is gold expensive, or platinum a bargain?    Saturday , 28 Jul 2012

Remedies for 'Stuck in mud' U.S. economy will drive gold much higher

With the U.S. economy 'stuck in the mud' or even likely to move into downright recession, Fed likely to implement more easing, but how much and when will dictate gold price path.    Saturday , 28 Jul 2012

Lossmaking Rio Tinto subsidiary to cut uranium mine workforce

Transitioning from open pit to underground mining, Australian uranium miner Energy Resources Australia is to cut the workforce at its Ranger mine to reduce costs.    Monday , 30 Jul 2012

Anglo American urges Brazil's Rousseff to solve mining project delays

Brazilian regulatory hurdles are holding back some 40 mining and infrastructure projects valued at more than $200 billion by an average of two years, according to CEO Cynthia Carroll.    Monday , 30 Jul 2012

Gold hovers around $1,620/oz; central banks meetings eyed

The gold price held steady above $1,620/oz on Monday as investors wait for the central banks to give clearer cues on the potential for further monetary stimulus.    Monday , 30 Jul 2012

AngloGold halts Savuka ops after fatality

The gold miner has halted works at its Savuka mine in South Africa after the body of a worker was found in a gully on Saturday morning.    Monday , 30 Jul 2012

FIFO miners' lifestyle generates health risks

Medical research into flying miners in and out of remote mining locations suggests the practice leads to a high degree of lifestyle-related health risks.    Monday , 30 Jul 2012

Norilsk Nickel Q2 nickel output falls

The company said Monday nickel output declined to 69,639 tonnes in the second quarter of 2012 from 75,824 tonnes in the preceding quarter.    Monday , 30 Jul 2012

Cameco's Rabbit Lake operations back to normal after evacuation

Although there was no safety risk, Cameco officials evacuated the Rabbit Lake site Friday in accordance with their emergency response plans regarding forest fires in the area.    Monday , 30 Jul 2012

Aluminium Bahrain Q2 net profit drops on lower prices

According to the company, aluminium prices on the London Metal Exchange declined close to $600 a tonne when compared with the same period last year.    Monday , 30 Jul 2012

Northern Iron receives rival bid from Prominvest

Swiss trading company Prominvest AG has offered $550 million for the Australian junior miner, topping an earlier bid from Indian conglomerate Aditya Birla Group.    Monday , 30 Jul 2012

Eldorado Gold cuts 2012 production target as profit falls

Eldorado Gold currently expects to produce 660,000 gold ounces this year, down from a previous estimate of 730,000 to 775,000 ounces. Q2 profits fell on a fall in output and rising costs.    Friday , 27 Jul 2012

Cameco profit slips on lower sales, higher costs

The uranium miner earned C$8 million, or 2 Canadian cents a share in the quarter compared with C$55 million, or 14 Canadian cents a share, in the year-earlier period.    Friday , 27 Jul 2012

Weekend's top story: Barrick's Pascua-Lama gold project delayed to 2014, costs now $8bn

Relying on in-house project management for the massive Pascua-Lama gold mine is costing Barrick dearly in both time and money.    Friday , 27 Jul 2012

PODCASTS / RADIO                                                     

Global Commodity ETP Quarterly report - Nick Brooks

ETF Securities, Head of Research and Investment Strategy, Nick Brooks looks at the trends seen in the gold ETF market over the second quarter and what to expect going forward.

480,000 South African platinum ounces now at risk - Ground

Standard Bank's Marc Ground looks at the state of the South African platinum sector, the outlook for prices and the likelihood of further mine closures.

The biggest misconception in gold and other factors driving the metal - Ronald Stoeferle

A look at the latest edition of the Erste Group's 'In gold we trust' report and some of the big factors at work within the gold market.

Where are we in the commodities super cycle - Nic Brown

A look at whether or not the commodities supercycle is coming to an end and what it means for the industrial commodities sector.

 

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ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Africa

Christy Filen, Johannesburg


Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

 

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Johannesburg

 

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